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Renault sticks with Formula One

Having sold a large stake of its team to Genii Capital, Renault will remain in Formula One

The French automaker says the team will retain its name and "core ingredients" for 2010.

Genii Capital is a Luxemburg-based specialist in brand management and motor sports.

Bernard Rey, Renault F1 Team President, said: “I am delighted to welcome Genii Capital as our new strategic partner as I am sure that their enthusiasm and business expertise will create a new dynamic for the team, the staff, and our partners. Altogether, we look forward to competing again at the highest level in Formula One. Today’s announcement also confirms Renault’s commitment and trust in the sport’s governing bodies to improve the green credentials of Formula One.”